The Six Elements of Successful Investing: various Methods compared and contrasted
I put more than $15,000 and hundreds of hours of work into my first property. I eventually sold it, making a $54,000 profit. My second property required $6,000 of repairs and about sixty hours of work, and I made over $100,000 upon selling. I never set foot on nor did I put a penny into my third property, which I sold for a $20,000 profit. Which deal yielded me the greatest return?
Even though my second deal made me $100,000, it still required a lot of time and money. My third property was the winner because it only took a few hours of my time and no money.
Profit is just one aspect to consider when you’re seeking the best way to invest. Granted, it’s a vital factor, yet far too many people consider it to be the most important, which leads to faulty decisions. There are actually six elements of successful investing, all of which must be considered with every deal, every system, and every strategy in order to make wise investment decisions.
It sounds to me like the are all pretty great. Making 100K with only 60 hours of work would be great.